Headline inflation (CPI) came in hotter than expected on Thursday at 3.4% year-over-year – a far cry from the 2% target the Old Wall keeps begging for.
Politicized economists, like Chicago Fed president Austan Goolsbee, responded (to being dead wrong on his forecast) by saying “last year was a hall of fame year for falling inflation.”
That's the justification they're using to forecast three (or more) rate cuts in 2024.
“Many people that are leaders have signed off on this. Both parties have signed off on this,” explains Keith McCullough in this clip from The Macro Show. “I’m not signing off on this. I’m going to try making money on this. I'm going to try to survive this, but this is not the America I came to."
Click above for the full clip.
